Young Americans are believers in “safety capitalism,” emphasizing security, protection, and risk management. 

Young Americans are believers in “safety capitalism,” emphasizing security, protection, and risk management. While this approach values individual wealth, free markets, and entrepreneurship, it appeals to Gen Z by also potentially including a Universal Basic Income or more safety nets for jobs. It differs from both traditional capitalism and socialism, though, as it still prioritizes personal success and profit-driven incentives. As people age, their support for these principles tends to increase, and small businesses / entrepreneurs generally are viewed as positive agents for social and economic progress. But Gen Z is far less likely than previous generations to think hardships and “painful failure” makes everyone better. (Fast Company)